GBP/AUD Long structure with entry point!

11 août 2023

Good morning traders. I was taking a look at GBP/AUD after the recent increase in GDP data, and it seems that the pound is gearing up for a strong rally. In my view, I foresee a slight retracement around 1.9460 where we have a confluence at H1, an intersection between two trendlines, and a demand zone – three clear signals for a long entry. Of course, everything needs to be contextualized, and the right confirmations should be awaited before entering long. Comment below and leave a like. Greetings from Nicola, CEO of Forex48 Trading Academy.